LINCARE HOLDINGS INC - FORM 10-K - EX-12.1 - COMPUTATION OF RATIO OF EARNINGS - February 25, 2010

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10-K - FORM 10-K - LINCARE HOLDINGS INCd10k.htm
EX-32.1 - SECTION 906 CERTIFICATION OF CEO - LINCARE HOLDINGS INCdex321.htm
EX-32.2 - SECTION 906 CERTIFICATION OF CFO - LINCARE HOLDINGS INCdex322.htm
EX-31.2 - SECTION 302 CERTIFICATION OF CFO - LINCARE HOLDINGS INCdex312.htm
EX-31.1 - SECTION 302 CERTIFICATION OF CEO - LINCARE HOLDINGS INCdex311.htm
EX-21.1 - LIST OF SUBSIDIARIES - LINCARE HOLDINGS INCdex211.htm
EX-23.1 - CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM - LINCARE HOLDINGS INCdex231.htm
EX-10.45 - NOTE PURCHASE AGREEMENT - LINCARE HOLDINGS INCdex1045.htm
EX-10.43 - AMENDED AND RESTATED CREDIT AGREEMENT - LINCARE HOLDINGS INCdex1043.htm
EX-10.44 - CREDIT AGREEMENT - LINCARE HOLDINGS INCdex1044.htm
EX-24.1 - SPECIAL POWER OF ATTORNEY - LINCARE HOLDINGS INCdex241.htm

EXHIBIT 12.1

Lincare Holdings Inc.

Computation of Ratio of Earnings to Fixed Charges

(In thousands, except ratios)

 

    FOR THE YEAR ENDED
DECEMBER 31,
    2009   2008   2007   2006   2005
        (As adjusted) (1)   (As adjusted) (1)        

EARNINGS AVAILABLE TO COVER FIXED CHARGES:

          

Income (loss) from continuing operations before income taxes and minority interests

   $ 223,387   $ 365,544   $ 358,155   $ 339,843   $ 343,066

Add:

          

Fixed charges deducted from earnings (see below)

     55,942     60,457     49,747     29,007     29,721
                             

Earnings available to cover fixed charges

   $ 279,329   $ 426,001   $ 407,902   $ 368,850   $ 372,787
                             

FIXED CHARGES:

          

Interest expense, including amounts in operating expense

   $ 15,945   $ 21,185   $ 20,837   $ 8,982   $ 11,694

Amortized indebtedness

     1,769     2,377     5,646     953     738

Amortization of discount on bonds payable

     17,246     16,082     2,573     0     0

Interest within rent expense

     20,982     20,813     20,691     19,072     17,289
                             

Fixed charges

   $ 55,942   $ 60,457   $ 49,747   $ 29,007   $ 29,721
                             

RATIO OF EARNINGS TO FIXED CHARGES

     4.99     7.05     8.20     12.72     12.54
                             

 

1) As adjusted for adoption of FASB ASC 470-20. See Note 1 of the Consolidated Financial Statements for additional information.

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